Biocon Limited has successfully closed its Qualified Institutional Placement (QIP) of equity shares, with the issue closing today, January 14, 2026. The company has allocated 11,26,64,585 equity shares at an issue price of ₹368.35 per equity share, representing a discount of ₹19.39 to the floor price. Proceeds will be used to strengthen the company’s capital base and support its growth initiatives.
QIP Closure and Pricing
Biocon Limited announced the closure of its Qualified Institutional Placement (QIP) on January 14, 2026. The company successfully placed 11,26,64,585 equity shares. The issue opened on January 12, 2026.
Details of the Allocation
The equity shares were allocated at a price of ₹368.35 per share. This price includes a premium of ₹363.35 per share. The price reflects a discount of ₹19.39 or 5% to the floor price of ₹387.74.
Fund Raising Committee Meeting
The Fund Raising Committee approved the closure and allocation in their meeting held on January 14, 2026. The meeting commenced at 10:00 p.m. and concluded at 10:10 p.m.
Use of Proceeds
The capital raised will be utilized to strengthen Biocon’s financial position and fund its strategic growth plans.
Source: BSE
